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    Home > Chemicals Industry > International Chemical > Germany's largest state seeks 10 billion euros in funding to complete the transition away from coal

    Germany's largest state seeks 10 billion euros in funding to complete the transition away from coal

    • Last Update: 2023-01-01
    • Source: Internet
    • Author: User
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    The German economy minister of North Rhine-Westphalia said North Rhine-Westphalia, Germany's main coal-mining state, would require at least 10 billion euros ($11.
    5 billion) in structural support
    if coal-fired power stations were phased out.

    Germany is working on plans to abandon the polluting power station in favor of renewables, which last year accounted for more than 40 percent of the energy mix, surpassing coal for
    the first time.

    Germany's cabinet has appointed a coal committee to reach a compromise
    on how the operators of the assets and their regions will be compensated.
    The Commission aims to conclude its work
    on 1 February.

    "For North Rhine-Westphalia, we expect structural changes and infrastructure to reach billions of euros in the coming decades," said Andreas Pinkwart
    , Minister of Economics of North Rhine-Westphalia.

    Andreas said the exact amount has not yet been determined, but it will certainly exceed 10 billion euros
    .
    "With the support of Germany and the EU, coal zones can develop into a model
    for how energy and other resources can be conserved.
    "

    North Rhine-Westphalia, Germany's most populous state, is home to some of the country's largest energy groups, including RWE, Uniper and Steag, all of which operate coal-fired power plants
    .

    So far, Germany's ruling coalition has agreed to spend 1.
    5 billion euros to help regions
    affected by the planned exit from coal.

    The German economy minister of North Rhine-Westphalia said North Rhine-Westphalia, Germany's main coal-mining state, would require at least 10 billion euros ($11.
    5 billion) in structural support
    if coal-fired power stations were phased out.

    Coal-fired power generation

    Germany is working on plans to abandon the polluting power station in favor of renewables, which last year accounted for more than 40 percent of the energy mix, surpassing coal for
    the first time.

    Germany's cabinet has appointed a coal committee to reach a compromise
    on how the operators of the assets and their regions will be compensated.
    The Commission aims to conclude its work
    on 1 February.

    "For North Rhine-Westphalia, we expect structural changes and infrastructure to reach billions of euros in the coming decades," said Andreas Pinkwart
    , Minister of Economics of North Rhine-Westphalia.

    Andreas said the exact amount has not yet been determined, but it will certainly exceed 10 billion euros
    .
    "With the support of Germany and the EU, coal zones can develop into a model
    for how energy and other resources can be conserved.
    "

    North Rhine-Westphalia, Germany's most populous state, is home to some of the country's largest energy groups, including RWE, Uniper and Steag, all of which operate coal-fired power plants
    .

    So far, Germany's ruling coalition has agreed to spend 1.
    5 billion euros to help regions
    affected by the planned exit from coal.

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